Spin Master (TSE:TOY) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Spin Master Corp. (TSE:TOY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$18.68 and traded as low as C$18.37. Spin Master shares last traded at C$18.70, with a volume of 189,390 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TOY shares. Stifel Nicolaus increased their price objective on Spin Master from C$20.00 to C$21.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada dropped their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. National Bank Financial dropped their price objective on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Canaccord Genuity Group dropped their price objective on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, March 6th. Finally, ATB Cormark Capital Markets increased their price objective on Spin Master from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$27.22.

Spin Master Price Performance

The business has a fifty day moving average of C$18.68 and a 200-day moving average of C$19.37. The firm has a market cap of C$1.87 billion, a PE ratio of -12.81, a PEG ratio of 0.57 and a beta of 0.76. The company has a current ratio of 1.14, a quick ratio of 2.06 and a debt-to-equity ratio of 37.50.

Spin Master (TSE:TOY) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.56 earnings per share (EPS) for the quarter. The business had revenue of C$818.82 million for the quarter. Spin Master had a negative return on equity of 11.45% and a negative net margin of 7.22%. As a group, research analysts predict that Spin Master Corp. will post 3.1361829 earnings per share for the current year.

Spin Master Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, March 27th. Spin Master’s dividend payout ratio (DPR) is -23.66%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.